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Investigators also released underwater footage of the submersible wreck.
Australian mining magnate Clive Palmer is all set to build Titanic II, around a decade after he had announced the project.
In Titanic, Hill played Captain Edward Smith, one of the only characters based on a real person in the 1997 tragic romance starring Leonardo DiCaprio and Kate Winslet.
The Sun had first reported the anonymously sourced story which claimed the director was in talks with a major streamer to helm a movie or series about the Titan voyage.
The ill-fated submarine met its fate in the North Atlantic Ocean, close to the wreckage of the iconic Titanic, on June 18.
Cameron reveals that numerous individuals in the region had alerted Ocean Gate to the safety concerns associated with taking passengers into the deep sea.
The $250,000-a-head Titan expedition to the Titanic's wreck, which killed five passengers in an under-water implosion while on the way to visit the Titanic wreak is just one example of extreme tourism that is becoming more commonplace for those who can afford it.
The US Coast Guard and OceanGate Expeditions recently announced that the tourists onboard Titan are declared dead.
Experts are reviewing the information gathered by the remotely operated vehicle that was deployed from a Canadian ship, the agency said on Twitter, without offering additional details.
The Titan submersible was estimated to have about a four-day supply of breathable air when it launched Sunday morning in the North Atlantic.
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